This bill allows a state or local government to adopt and enforce measures to divest its assets from, prohibit investment of its assets in, or restrict contracting with: (1) an entity that engages in a commerce- or investment-related boycott, divestment, or sanctions activity targeting Israel; or (2) an entity that owns or controls, is owned or controlled by, or is under common ownership or control with such an entity. Such measures are not preempted by federal law. A state or local government that seeks to adopt or enforce such measures shall comply with specified requirements related to notice, timing, and opportunity for comment.

In addition, the bill amends the Investment Company Act of 1940 to prohibit a person from bringing any civil, criminal, or administrative action against a registered investment company based solely upon that company's divestment from securities issued by a person that engages in a commerce- or investment-related boycott, divestment, or sanctions activity targeting Israel.

]]>002017-06-082017-06-21T20:06:46ZIntroduced in House2017-06-08T04:00:00ZIntroduced in HouseHousehsba00StandingHouseFinancial Services Committee2017-06-08T14:06:10ZReferred toPatrickM0011561792M0011568033RRep. McHenry, Patrick T. [R-NC-10]NCMcHenry10115HR[Congressional Record Volume 163, Number 98 (Thursday, June 8, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 2856.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3[Page H4820]]]>2017-06-09T03:11:39ZRelated billCRSCombating BDS Act of 2017115170S2017-01-17Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.1.0.0Short Titles as IntroducedCombating BDS Act of 2017Official Title as IntroducedTo provide for nonpreemption of measures by State and local governments to divest from entities that engage in commerce-related or investment-related boycott, divestment, or sanctions activity targeting Israel, and for other purposes.Display TitleCombating BDS Act of 2017(Extracted from GPO) Short Titles as IntroducedCombating BDS Act of 2017text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.